Europe announces 200bn-euro plan - Democratic Underground

dipsydoodle

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Wed Nov-26-08 07:58 AM
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Europe announces 200bn-euro plan

Source: BBC News

The European Commission has unveiled an economic recovery plan worth 200bn euros (£170bn) which it hopes will save millions of jobs across the region.

Its president Jose Manuel Barroso said he thought the plan was "timely, temporary and targeted".

The EC expects member states to contribute 170bn euros while the European Union will give 30bn euros.

Mr Barroso said it was important that EU members acted together in a period of "exceptional crisis".

Read more: http://news.bbc.co.uk/1/hi/business/7749382.stm

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madmom

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Wed Nov-26-08 09:59 AM
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1. Can US companies hold their hands out like they did over here?

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